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you don't have to participate in medicare, social security, and that's how we cut entitlements. >> we should have turned over social security to the free market like bush wanted to do. >> geez, idiots. >> stephanie: oh boy. not since the ceo of goldman sachs said we can't afford these entitlements anymore has something so irritated me. bill crystal. >> we can say president obama is overreaching. at the end of the day he is selling a very simple message, i want to keep taxes low for middle class americans, and republicans are in the position of looking like they don't care about the middle class. >> stephanie: that would be horrible if people had some sort of impression like that? that would be horrible. >> god! >> stephanie: that would be crazy -- [ cuckoo clock chimes ] >> where do they get this. >> stephanie: oh really? sarah palin? >> yeah. she keeps showing up. >> barack obama is a socialist. he believes in socialism in redistributing health in confiscating hard-earned dollars of our small businessmen and women so they cannot reinvest their dollars and hire more people and expand.
you don't have to participate in medicare, social security, and that's how we cut entitlements. >> we should have turned over social security to the free market like bush wanted to do. >> geez, idiots. >> stephanie: oh boy. not since the ceo of goldman sachs said we can't afford these entitlements anymore has something so irritated me. bill crystal. >> we can say president obama is overreaching. at the end of the day he is selling a very simple message, i want to keep...
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Dec 4, 2012
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like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs every year. call today to request a free decision guide. the rescue in this fiscal cliff you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. if you're thinking about your options, call today. when you call, request your free decision guide. and find the aarp medicare supplement plan that may be right for you. >>> so this next story will leave you either shocked that politics are done this way or really not the least bit surprised. it involves former cia director david petraeus who has certainly had his share of trouble it's lately, but also the chairman of fox news channel roger ailes. there is no question that petraeus was a hero of the afghan war, so it may not come as any surprise that according to "the washington post" he was approached to run for president. but it's how he was approached and who approached him that may h
like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs every year. call today to request a free decision guide. the rescue in this fiscal cliff you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. if you're thinking about your options, call today. when you call, request your free decision guide....
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Dec 4, 2012
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it would raise the eligibility age for medicare and people on social security would get smaller cost of living increases. unless there's a compromise by the end of this month, taxes will go up automatically for nearly every american. there is a lot at stake. so we asked wyatt andrews to make sense of how these budget plans compare. wyatt? >> reporter: scott, this republican counterproposal today is long on reducing the deficit and saving big on medicare, but it leaves the two sides still hundreds of billions of dollars apart and they are not close on the basic approach to solve the fiscal cliff. in a letter to the president, house republicans called their offer a fair middle ground. it's a ten-year framework that cuts the deficit by $2.2 trillion. it includes $600 billion in health care cuts-- mostly medicare and medicaid-- $300 billion in other mandatory spending and $300 billion in cuts to all other federal spending. by contrast, the president has proposed around $600 billion in cuts to all entitlements, including medicare and he'd reduce other federal spending by $100 billion a ye
it would raise the eligibility age for medicare and people on social security would get smaller cost of living increases. unless there's a compromise by the end of this month, taxes will go up automatically for nearly every american. there is a lot at stake. so we asked wyatt andrews to make sense of how these budget plans compare. wyatt? >> reporter: scott, this republican counterproposal today is long on reducing the deficit and saving big on medicare, but it leaves the two sides still...
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Dec 4, 2012
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like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs every year. call today to request a free decision guide. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. if you're thinking about your options, call today. when you call, request your free decision guide. and find the aarp medicare supplement plan that may be right for you. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> president obama captured 55% of the women vote to win re-election. the national organizatio
like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs every year. call today to request a free decision guide. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. if you're thinking about your options, call today. when you call, request your free decision guide. and...
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Dec 4, 2012
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but led's look at the medicare argument. if you're a single man born in 1945, that means you're approaching 70, on medicare. if you made about $20,000 a year during your career, that was your average, then in medicare taxes, you paid about $18,000, roughly $18,000 to $20,000 in taxes. if you made about $110,000 a year in your career, you paid about $88,000 to the government in medicare taxes. that's what you paid in. a lot of conservatives are saying you need to change the program. this is one of the reasons why. this is what you get out. if you paid $18,000, you're getting ten times out over the course of your lifetime in benefits. you paid about $88,000 in, you're getting a 2-1 deal, more than $200,000 in benefits. so conservatives and republicans say we've got to change this program somehow. we have to take some money out of medicare, reduce the costs. here's one of the reasons that's essential. if you look through the '70s, '80s, '90s, even up to now, the green is the revenue, the red line is the cost. roughly the money
but led's look at the medicare argument. if you're a single man born in 1945, that means you're approaching 70, on medicare. if you made about $20,000 a year during your career, that was your average, then in medicare taxes, you paid about $18,000, roughly $18,000 to $20,000 in taxes. if you made about $110,000 a year in your career, you paid about $88,000 to the government in medicare taxes. that's what you paid in. a lot of conservatives are saying you need to change the program. this is one...
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Dec 4, 2012
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but the gas tax, i would add in along with medicare and medicare and social security, no one is out there fighting to decrease the gas tax. there's no protests outside of gas stations, it's something that is accepted at that keen of level. whereas there's plenty of interest in cutting other kinds of taxes. i can tell you as an elected ferble. i just think that these things which are tied specifically to benefits that people can see and can grab on to are just much easier to do and that there's some opportunity in this debate to da -- to do that. >> i want to make a quick point binesd resedge we did on this issue, are people willing to pay higher taxes to reduce the deficit? an it turns out that overall people are, with one big if. and that is if they feel certain it will actually go to reduce the deficit and there's so little trust that revenues that go to washington will be used there instead of for new spending or broken spending programs. so two lessons we took from that, not only does it have to be a balanced package, which it has to be just to fix the problem, but you have to find wa
but the gas tax, i would add in along with medicare and medicare and social security, no one is out there fighting to decrease the gas tax. there's no protests outside of gas stations, it's something that is accepted at that keen of level. whereas there's plenty of interest in cutting other kinds of taxes. i can tell you as an elected ferble. i just think that these things which are tied specifically to benefits that people can see and can grab on to are just much easier to do and that there's...
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if you're medicare eligible, call now... and talk to unitedhealthcare about our plans, like aarp medicarecomplete. let's get you on the right path. call today. ♪ with odor free aspercreme. powerful medicine relieves pain fast, with no odor. so all you notice is relief. aspercreme. >>> iran says it's captured a u.s. drone that entered its airspace over the persian gulf. we actually have shots of the iranians saying, we're showing it off, folks, with the banner, we shall trample on the usa. it's a scan eagle drone, made by boeing and iran says it was spying and the iranian navy brought it down by hacking into its electronics. the problem is the united states navy says we're not missing any drones in the middle east. confused? hopefully fran townsend can sort this out. joined by her, a member of both the cia and department of homeland security advise -- external advisory board. fran, first of all, just because our navy says we're not missing any drones, we have a couple of other branches of the military. does that mean that o
if you're medicare eligible, call now... and talk to unitedhealthcare about our plans, like aarp medicarecomplete. let's get you on the right path. call today. ♪ with odor free aspercreme. powerful medicine relieves pain fast, with no odor. so all you notice is relief. aspercreme. >>> iran says it's captured a u.s. drone that entered its airspace over the persian gulf. we actually have shots of the iranians saying, we're showing it off, folks, with the banner, we shall trample on the...
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>> yes, the republicans have proposed the -- raising the medicare eligibility age and applying a lower inflation adjustment to benefits and other programs. real spending cuts, significant. the president has some other cats and dogs proposals, taking money from providers, some increase in costs for high-income beneficiaries you can the potential for the kind of spending cuts we are talking about p the administration counting in their $4 trillion argument, the 1 trillion that was saved in budget control act of 2011 and also some of the war savings. now, there are disputes over whether you can count things that are already happened or war savings. >> thank you, john harwood. some kind of revolt going on among the hard-core dig your hes in republicans that john boehner is caving. ammanoffers is live on capitol hill. how much has boehner alienated his own party trying to find middle ground? >> that is the big question up here on capitol hill today. speaker boehner walked by us a couple seconds ago, i asked him what he made of all this angst today on the republican side, the conservative sid
>> yes, the republicans have proposed the -- raising the medicare eligibility age and applying a lower inflation adjustment to benefits and other programs. real spending cuts, significant. the president has some other cats and dogs proposals, taking money from providers, some increase in costs for high-income beneficiaries you can the potential for the kind of spending cuts we are talking about p the administration counting in their $4 trillion argument, the 1 trillion that was saved in...
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like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs every year. call today to request a free decision guide. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. if you're thinking about your options, call today. when you call, request your free decision guide. and find the aarp medicare supplement plan that may be right for you. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ >>> there's something about this i actually don't understand. if the republicans can filibuster anything the democrats propose, then how can the democrats ref
like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs every year. call today to request a free decision guide. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. if you're thinking about your options, call today. when you call, request your free decision guide. and...
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republicans also want to raise the eligibility age for medicare. the white house does not. there are other differences. nothing matters more to the white house than breaking gop resistance to higher taxes on the wealthy. >> the president certainly has principles here that he intends to stick to which is that he will not sign an extension of the bush era tax cuts for the top 2%. >> erskine bowles said as big as the divide appears, despair is premature. >> that is just like a movie theater you go through each one of these. to get a deal done i am positive you will have to have increased tax rates on the top 2%. i'm also sure that the cuts that the president put on the table for health care entitlements will not be sufficient to get the deal done. >> reporter: republicans said many of their ideas reflected ideas put forward first by erskine bowles, but mr. bowles quickly put out a statement denying that, giving the white house an opportunity to gloat and question the republican seriousness in all of this. here at the white house, the president will meet with half a dozen gover
republicans also want to raise the eligibility age for medicare. the white house does not. there are other differences. nothing matters more to the white house than breaking gop resistance to higher taxes on the wealthy. >> the president certainly has principles here that he intends to stick to which is that he will not sign an extension of the bush era tax cuts for the top 2%. >> erskine bowles said as big as the divide appears, despair is premature. >> that is just like a...
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they are significant raising the medicare eligibility age from 65 to 67. and enacting a reduced inflation formula for social security benefits and other government programs. those are real tangible offers on entitlements that mean that even though the white house rejected the offer, carl, this is positive because now you have specifics from the white house on taxes, from the republicans on entitlements, that's the beginning of the conversation and the president is hoping the meeting with the governors helps move that along a bit. >> i thought it was really interesting there's a new beat to the country after the election defeat of romney the way in which the governors in las vegas who spoke about modernizing gop as you might do abroad. can they push the gop along to the extent that we get a deal sooner rather than later on this particular issue? >> reporter: in theory they could. in practice the national political dialogue and state level political dialogues move on separate tracks. the governors can lend their voices but they can't have a lot of influence.
they are significant raising the medicare eligibility age from 65 to 67. and enacting a reduced inflation formula for social security benefits and other government programs. those are real tangible offers on entitlements that mean that even though the white house rejected the offer, carl, this is positive because now you have specifics from the white house on taxes, from the republicans on entitlements, that's the beginning of the conversation and the president is hoping the meeting with the...
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the gop's ten year $2.2 trillion proposal raises the eligibility age for medicare up a couple years. it trims the cost of living increases for social security. and it brings in $800 million through tax reform. but it keeps bush era tax cuts in place for all taxpayers and that's something that the president says he will veto. a new player may be entering the takeover bidding for night capital. the journal reports that it's in you can takes to join vertu financial bid. virtu and get cco have offers o the table. and big lots reporting a loss of ten cents a share. full year profit forecast still above street consensus. >> let's take a look at the futures. at least at this point are indicated higher. dow futures up by about 13 points above fair value. s&p higher, as well. nasdaq up by 4. yesterday dow down low to 60 points. and you did see stocks close right near the lows of the day. dow and s&p 500 were down for the first time in four days. also take a look at what's happening in europe. we spoke with ross a little earlier and you can see that right now there are modest gains there. in f
the gop's ten year $2.2 trillion proposal raises the eligibility age for medicare up a couple years. it trims the cost of living increases for social security. and it brings in $800 million through tax reform. but it keeps bush era tax cuts in place for all taxpayers and that's something that the president says he will veto. a new player may be entering the takeover bidding for night capital. the journal reports that it's in you can takes to join vertu financial bid. virtu and get cco have...
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the backs of the middle class, it voids our promise to seniors with steep cuts to social security and medicare, all to pay for even more handouts to the rich. at least we now know where they stand. republicans have sought to cover by invok invoking erskine bowle' name. he has disavowed their plan. we're glad to see the republicans join in the negotiating process. while their proposal may be serious, it's also a nonstarter. they know any agreement that raises taxes on the middle class in order to protect more unnecessary giveaways to the top 2% is doomed from the start. it won't pass. democrats won't agree to it. president obama wouldn't sign such a bill. a understanand the american peot support it. that's in all the polls in the press this morning. the american people are tired of budget-busting giveway is to ths to the wealthiest 2%. the american people want a balanced deal. it must be higher taxes on the richest of the rich. republicans would be wise to keep that in mind as negotiations move forward. we're willing to compromise but we also will not consign the middle class to higher tax bill
the backs of the middle class, it voids our promise to seniors with steep cuts to social security and medicare, all to pay for even more handouts to the rich. at least we now know where they stand. republicans have sought to cover by invok invoking erskine bowle' name. he has disavowed their plan. we're glad to see the republicans join in the negotiating process. while their proposal may be serious, it's also a nonstarter. they know any agreement that raises taxes on the middle class in order...